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valkas [14]
3 years ago
13

When sport leagues do not expand into a market that can support a franchise, or when they create rules to limit the movement of

existing franchises, what economic concepts is being applied?
Business
1 answer:
seropon [69]3 years ago
7 0

Answer:

scarcity

Explanation:

Based on the information provided within the question it can be said that this scenario is causing the economic concept of scarcity to be applied. In the context of economics, this term refers to something that is being limited and thus creating a gap between the limited resource and the possible limitless wants/demand that may exist.

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A large bank is promoting its credit card to existing bank customers who have had more than one account with the bank over the p
Feliz [49]

Answer:

Behavioral.

Explanation:

A market segment is a portion of a large market in which the individuals, groups or organizations share one or more characteristics that cause them to have relatively similar products needs.

A market segment consist of a group of customers that share a similar set of needs and wants.

Are four categories of segmentation:

-Geographic

-Demographic

-Psychographic

-Behavioral. Segmentation on the basis of use occasion, user status. The evaluation of behavior in terms of the customer/prospect’s behavior relative to your company, product, or service

7 0
2 years ago
Read 2 more answers
Net income for the year for Carrie, Inc. was $750,000, but the statement of cash flows reports that net cash provided by operati
dybincka [34]

Answer:

The difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

Explanation:

The net cash flow from operating activities is calculated after adding and deducting certain items and adjustments to net income to get operating cash flow.

First of all, the gains or losses from sale of fixed assets are adjusted, losses are added back and gains are deducted, to get income from operations.

All the non cash transactions that is unrealized gains or losses are eliminated.

Depreciation being non cash is added back.

All the changes in working capital is adjusted.

Increase in value of current assets are deducted, decrease in value of current assets are added, increase in current liability is added and decrease in current liabilities is deducted.

Thus, after all these adjustments the cash flow from operating activities is calculated.

In the given instance also, the difference might relate to depreciation, loss on sale of fixed assets, or change in working capital.

3 0
3 years ago
Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby
geniusboy [140]

Answer and Explanation:

The journal entry is shown below:

Overhead $4,700  

   Cost of goods sold $4,700

(Being overapplied overhead is closed)

Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense

8 0
2 years ago
The market for chewing gum is in equilibrium with a current price of 50 cents per pack and a quantity of 100,000 packs per day.
frez [133]

Answer:

A) an increase in the price of other kinds of candy

Explanation:

If the price of substitute products (other types of candy) increases, then the suppliers of chewing gum can increase their price without the quantity demanded decreasing. If the decrease in the price of chewing gum is smaller than the increase in the price of substitute products, the quantity demanded will increase.

If there was a price increase of the main ingredients used to produce chewing gum, then the supply curve would shift to the left (option B is wrong).

If the workers signed an agreement that lowered their wages, then the supply curve would shift to the right (option C is wrong).

A decrease in the number of young people in the market would decrease the quantity demanded for chewing gum, which in turn would decrease the equilibrium price (option D is wrong).

A decrease in income would also decrease the quantity demanded, which would in turn decrease the equilibrium price (option E is wrong).

5 0
3 years ago
_____ requires coordination among government departments and agencies, as well as cooperation toward common objectives across co
o-na [289]

"Unity of effort" requires coordination among government departments and agencies, as well as cooperation toward common objectives across commands.

<u>Answer:</u> Option C

<u>Explanation:</u>

At the national level the unity of effort is basically a cooperative effort involving a number of departments and agencies of the United States Government. "Unity of effort" is about teamwork and collaboration directed towards common goals although participants do not generally form part of the same command or organisation that is the result of effective unified action.

The aim of promoting cohesion of action is to generate a ellaborative consensus approach while applying national power instruments towards common goals. The unity of  effort is a continuous process which demand constant effort to sustain inter-organizational  relationships.

3 0
3 years ago
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